Capital Asset Advisory Services LLC Acquires 393 Shares of Dominion Energy, Inc. (NYSE:D)

Capital Asset Advisory Services LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 9,720 shares of the utilities provider’s stock after buying an additional 393 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Dominion Energy were worth $532,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after buying an additional 2,229,220 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Dominion Energy by 7,438.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after buying an additional 1,463,858 shares during the period. State Street Corp boosted its stake in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $55.73 on Tuesday. The business’s 50-day simple moving average is $55.20 and its two-hundred day simple moving average is $55.98. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market cap of $46.81 billion, a PE ratio of 19.55, a P/E/G ratio of 1.15 and a beta of 0.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.79%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Ratings Changes

A number of research analysts have weighed in on D shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.58.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.